The company will receive $92.5 million after settling all litigation relating to its termination of its merger deal with Vintage Capital.
Zebit extends credit to people who don't qualify for credit cards — and charges 0% interest. Can this business really work?
Private-equity firm Vintage says the merger agreement remains in effect and it will "pursue all available remedies against Rent-A-Center.”
The $1.36 billion deal is "a compelling opportunity ... to enhance value and create a leader in the rent-to-own industry."
The struggling furniture and equipment rental firm has been under pressure from activist investors to sell itself.
The furniture and equipment leasor rejected Vintage Capital's $800 million offer, calling it “inadequate and opportunistic.”
Xerox, Rent-A-Center, Illumina, Och-Ziff, CPI Card, FTD Cos., Titan International, Alexion, Tailored Brands, Adams Resources & Energy
The company blames the third-quarter sales decline on "performance issues and outages" with its new point-of-sale system.
Chase Manhattan promotes Dina Dublon; more.
